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Author Topic: How I almost become a millionaire  (Read 608 times)
Cossyblack (OP)
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April 10, 2024, 12:28:47 AM
 #1

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
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April 10, 2024, 01:00:58 AM
Merited by BlackHatCoiner (4), DdmrDdmr (1), Jawhead999 (1)
 #2

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
Big Ifs.

You did not invest in Bitcoin.
Even you invested in Bitcoin, many early investors sold their bitcoins at very cheap prices like 10,000 bitcoins for a pizza.

Other conditions like you did not lose your bitcoins because lack of back up, private key loss.

R


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April 10, 2024, 02:43:42 AM
 #3

You did not invest in Bitcoin.
Even you invested in Bitcoin, many early investors sold their bitcoins at very cheap prices like 10,000 bitcoins for a pizza.

Other conditions like you did not lose your bitcoins because lack of back up, private key loss.
Yeah, @OP is kind of person who don't want to learn something and only looking to make profit, usually this kind person will sell their investment after the price went up at least 2x. @OP probably think Bitcoin is already expensive right now because the price no longer below than $10 per each coin, while the truth is Bitcoin can rise more than now due to it's maximum supply and use cases.

So @OP do you own Bitcoin right now?

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April 10, 2024, 03:08:11 AM
 #4

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
The time you mentioned was the year after Bitcoin was created. If we take a look at the history of Bitcoin, we can see that Bitcoin was created in 2009. You mentioned that in 2010 the price of Bitcoin was only $0.09 (this is according to the history of Bitcoin).

The time you mentioned was the early days of Bitcoin creation then maybe Bitcoin was not that popular and no one could have imagined that Bitcoin would be so popular and so high in value. I think it's normal to regret that you saw the price of Bitcoin when it was created at $0.09 and now see it rise to $72,000. It seems to me or as per your statement that your friend did the right thing which is why he is a millionaire today. You may still have time to invest in Bitcoin so that you don't have the same regrets in the future as you did when you created Bitcoin.

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April 10, 2024, 03:44:22 AM
 #5

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
Think about it this way in the future:

If you have $100 laying around that you wouldn't mind throwing into a fire pit, why not put it into something that is innovative and would have a first-mover advantage? At worst, you lost $100 which is one fancy dinner. At best, you could have 333-1666 BTC now (depending on when in 2010 you would have bought).

Also, playing the what-if game isn't helpful beyond you seeing what lessons you could have learned and how you can chart a different course in your life going forward.

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April 10, 2024, 04:46:06 AM
 #6

I don't know I feel if you were still friends there's no way you wouldn't be convinced to buy especially when it started printing out profit. If your friend like you said became a millionaire by holding bitcoin for 14 years it means they know very well the potential of bitcoin and at some point should have convinced you to buy btc worth atleast a $100.
It's not that am shutting off your claim
But it feels weird that you saw a friend asset getting richer
Without even getting any for yourself.
Holding for 14 years that's a true strong hand.
Either the friend care too little about you or you were too stubborn to invest at least $20, which I doubt or the most likely scenario I'm leaning onto
The story is a story.

@OP probably think Bitcoin is already expensive right now because the price no longer below than $10 per each coin, while the truth is Bitcoin can rise more than now due to it's maximum supply and use cases.

So @OP do you own Bitcoin right now?
I doubt. Someone that didn't buy less than $10 would want to buy above $65K? Nope.
I believe they hoping for Bitcoin to get to $30K or $15K to start buying.
A pipe dream I must say.

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April 10, 2024, 05:01:13 AM
 #7

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
Lol, it's not too late but yeah, early adopters might get huge profits by now but I didn't know if you can able to hold that much long.
I think you're not the only one in this kind of scenario, it's pretty common.

Many people now talk about missed opportunities when seeing a bull market.

You might be thinking that now your friend sipping piña coladas on a yacht, and while you're trying to figure out how to turn your old Pokemon cards into a retirement plan.  Just a joke aside! Cheesy

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April 10, 2024, 05:14:37 AM
Merited by BlackHatCoiner (4)
 #8

There is no problem with making mistakes, after all as they say "to err is human". The problem is when people don't learn from their mistakes. In early years it was easy to believe the propaganda and FUD about Bitcoin because it was small and too early with little adoption to know any better. But from early years till today a lot of things have changed and so should have the opinion of those who fell for the FUD.

So the only thing that you  didn't mention here is whether you learned from your mistake or not...

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April 10, 2024, 05:58:03 AM
 #9

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
If you had followed the valuable advice your friend gave you 14 years ago today and invested in Bitcoin, we wouldn't be regretting it today. But there is still time to invest in Bitcoin and you should invest before 2030 Bitcoin reaches million dollars. If you can invest now then you too have a chance to become a millionaire after 2030.

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April 10, 2024, 06:08:19 AM
 #10

From 2010 through to now, you did not hear of Bitcoin or reconsider your stance?

The ability to do your independent research on an investment and decide if it is legitimate or not is a prerequisite for any good investor. But I guess other factors can influence that decision. Someone who recently fell victim to Ponzi scams will be more defensive, ruling out any investment without giving it a second thought.

You have the next 14 years to maybe not be a millionaire but grow your investments.

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April 10, 2024, 06:17:58 AM
 #11

most people who successfully invest and become millionaires because of bitcoin are not those who think that they will become millionaires when investing in it, but they believe that bitcoin has potential and will be adopted by many people and that is what makes them interested in investing in it.

like some of the people above, i am also sure that you are the type of person who will sell bitcoin as soon as you see the price going up. so there's no need to regret what you can't get, if you are wise then now you have bought bitcoin. but i don't know if you did it or not.

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April 10, 2024, 06:50:03 AM
 #12

What you become come from the heart not my mere word until you become clairvoyant about what ever you what to become no matter friend persuade you it will not work. Life achievement of success come through risk taken avoiding risk and basing on unforseen circumstances can only leads to regret always.

There are those that started BTC as the time you mentioned some today is not yet a millionaire, because they failed on foresight towards their future, even currently now one can still have all it take to build one future by taking the steps that can guarantee such if you redirect your step towards a good investment and having the patient because everything required patient.

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Crypt0Gore
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April 10, 2024, 06:56:22 AM
 #13

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.

You could have buy or mine bitcoin in 2010 when yout friend introduced Bitcoin to you, but I bet that you would have sold it long ago after holding for a while, 2010 is very far behind and few bull markets have took place at the time.

There are many people who are fortunate to mine Bitcoin in the very beginning but they lost their recovery seed and some sell very early, it's all human mind and their emotions, only very few people hold their Bitcoin all this while.

Anyways, it is really not too late, I know it's very easy to buy Bitcoin in 2010 because it's very cheap but maybe in the next 10 years to this time people will look back and say that it was easy to buy Bitcoin in 2024. Think about it and start buying some Bitcoin today.

It's not too late unless you confuse yourself that it is.

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lovesmayfamilis
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April 10, 2024, 06:59:33 AM
 #14

OP, you won’t believe it, but you’ve come to a place where there are a lot of failed millionaires or billionaires. Many people knew about Bitcoin from the very beginning, but very few people have bought and tried to hold it until now. Therefore, talking about an unfulfilled event is like regretting spilled milk. I am more than sure that your story is fiction.

A good phrase will suit you: “It’s not a shame that you were born poor, it’s a shame to be poor now.” -If we translate the whole meaning of knowledge about Bitcoin.

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April 10, 2024, 07:06:11 AM
 #15

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
You were not alone on that mistake, most of us also thought that Bitcoin was a Ponzi scheme, we had the money to invest in it, but we're too skeptical to do so, today we know better that it's a store of value that will continue to increase in price. The good news is that it's not too late to start Bitcoin investment journey today, because in the next 10 years, people that were skeptical about it now will look back and wish they'd bought it when it's price was $70k. Merely investing in Bitcoin for the long term is not complete without the knowledge of how to protect your wallet from hacks and securing your seed phrase, without knowing these information, hodl on the long term becomes a gamble.

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April 10, 2024, 09:24:58 AM
 #16

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.
I don't blame people that failed to invest in Bitcoin earlier even when they were convinced to do it. Their decision might be because of the happenings in their location. There was a time when there was an increase in the rate of Ponzi schemes and scams in my country. Many people were scammed while others lost money in these Ponzi schemes and shitcoins projects. This negative condition made people to be too cautious that they had to miss viable opportunities to make money through valid investments. However, there is no need to regret it because Bitcoin still provides opportunities to make profits and even become a millionaire.

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April 10, 2024, 09:42:29 AM
 #17

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.

Many people had the same regret in 2014, 2017, and 2021, you think it's too late? You aren't thinking straight, there will be people regretting that they never bought Bitcoin in 2022 when the price was sitting at 17k, they are already regretting right now because Bitcoin is over 50k already, wait till 2025 ATH.

There is no point regretting the past, it's not coming back, instead, you should reshape your future by accumulating a few strong assets, like Bitcoin, and a few good altcoins, the next ATH will create a new set of crypto millionaires and I plan to be a part of them.

Take actions, and reap the reward later, there is still a chance now, and I believe that with the involvement of the ETFs, this could be the biggest bull market ever, start accumulating right now.

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April 10, 2024, 09:54:36 AM
 #18

If I got 1000 satoshi every time I read a story like this, I would probably be a rich man today Cheesy

I think most of us who have known about Bitcoin for at least 10+ years could tell a similar story, but does it even make any sense unless we are writing a book or a movie script? Crying over spilled milk is nothing but a waste of time, which unfortunately we have in very limited quantities.

The OP is lucky because he has a friend who is a multi-millionaire, and if he is a real friend, he might be able to help his friend with a monetary stimulus with a long repayment term and of course without interest Wink

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April 10, 2024, 10:43:43 AM
 #19

In the year 2010,my best friend introduce me to cryptocurrency and he advice me to invest in bitcoin. I felt bitcoin was another ponzi scheme created by scammers to scam innocent people. Today my friend is a multi Millionaire. If only I had listened to his advice,I would have become a millionaire by now.

Out of the millions of people you see in crypto ecosystem more than 50% of them have will have the same story to tell you, how they almost got into bitcoin when the price was just a penny, how they thought bitcoin was meant for only the rich, how they sold their stashes of bitcoin at a low price, how they did this and did that they later made them missed out on bitcoin. The list goes on.

According to the quote “almost never kills a bird” I almost bought bitcoin will never be the same as I bought and kept my bitcoin - so, rather than complaining about something you can’t go back in time to change why don’t you just focus on the ones you can do presently and yield a different result?

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April 10, 2024, 11:34:15 AM
 #20

What if I say Bitcoin will reach $100,000,000 someday, will you believe it? it's similar when 5K Bitcoins was worth for a pizza, but now one Bitcoin worth $69K. If you buy Bitcoin at $69K, I will not be surprised if you sell it when the price cross $100K because you will think it's already high and you already make profit.

You're not almost become a millionaire, but didn't take a chance to change your life, it's not only limited to Bitcoin, but in every single day.

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